Investment Firm Buys Fruit Snack Maker Queen City CandyInvestment Firm Buys Fruit Snack Maker Queen City Candy
July 9, 2018
Dallas, TX-based private investment firm Highlander Partners LP further expanded its investments in the confectionery space with the acquisition of gummy vitamin, fruit snack, and jelly candy maker Queen City Candy Inc. (QCC), a July 6 press release announced.
“We believe in the opportunity in the gummy confection and vitamin space will continue to grow at a significant rate. QCC offers outstanding manufacturing capabilities, with its cutting-edge manufacturing equipment and unique production capabilities,” said Jeff L. Hull, managing partner and president of Highlander Partners, in a statement.
QCC, headquartered in Greendale, IN, opened a new production plant in 2015 that features sophisticated drying capabilities and a new high-speed mogul, according to the investment firm. The SQF Level II certified plant manufactures pectin- and gelatin-based products.
“We believe that with Highlander’s resources and in collaboration with Bettera Brands, another Highlander portfolio company, QCC will be able to expand its product offerings and enter new markets, further accelerating the company’s growth.” Hull said.
Over the last two years, Highlander Partners has taken ownership of three other confectionery firms, including Gimbal’s, a maker of gummy vitamins and jelly beans, and Hillside Candy, which manufactures nutraceutical, sugar-free, and organic confections.
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